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PAS 19 Employee Benefits & PAS 26 Accounting and Reporting by Retirement Benefit Plans
ACCOUNTING FOR DEFINED BENEFIT PLANS
STEP 1: DETERMINE THE DEFICIT OR SURPLUS
Net interest on the net defined benefit liability (asset): (recognized in P/L)
(a) Interest cost on the defined benefit obligation xx
(b) Interest income on plan assets xx
(c) Interest on the effect of the asset ceiling xx xx